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While Coloradans have had their fair share of ups and down financially, it turns out they're some of the best at making informed monetary decisions.

Arkansas residents who have trouble with financial decisions can take comfort in knowing one study shows it to be a state-wide trend.

Arkansas residents who have trouble with financial decisions can take comfort in knowing one study shows it to be a state-wide trend.

Drawing from our data, these are mostly the Nordic countries, Canada and the UK. They have a strong educational system and do well in financial literacy. This does matter — studying microdata across countries, weve found people with greater financial literacy are less economically fragile or more able to face shocks. This is particularly important in an era when we face not just normal distur-bances but shocks at an aggregate level, like the pandemic or climate change, says Annamaria Lusardi.

A lack of financial knowledge, known as financial illiteracy, isn't anyone's fault, but not knowing enough about financial matters can be costing you significantly. The Results Are In: GOBankingRates'...